Pexip Holding

Pexip - Increase of share capital following exercise of employee share options

Following vesting and exercise of previously issued employee options, the board

of directors of Pexip Holding ASA ("Pexip" or the "Company", OSE ticker "PEXIP")

has resolved, based on authorisation granted by the Company's general meeting,

to issue 552,098 new shares for an aggregate subscription price of NOK

8,848,276.46.

The shares have been subscribed for by various employee option holders. This

includes the following primary insiders:

Odd Sverre Østlie (CEO) who has subscribed for 50,000 shares at a subscription

price per share of NOK 14.50 and following this will hold 162,500 shares and

rights to 840,000 shares.

Øystein Hem (CFO) who has subscribed for 7,500 shares at a subscription price

per share of NOK 25 and following this will hold 7,500 shares and rights to

332,500 shares.

Ingrid Woodhouse (VP People & Development) who has subscribed for 7,500 shares

at an average subscription price per share of NOK 25 and following this will

hold 7,500 shares and rights to 50,000 shares.

John Harald Grønningen (President EMEA) who has subscribed for 15,000 shares at

a subscription price per share of NOK 17.884 and following this will hold

315,000 shares and rights to 255,000 shares.

Karl Hantho (President Americas) who has subscribed for 26,160 shares at a

subscription price per share of NOK 11.85 and following this will hold 709,660

shares and rights to 344,632 shares.

Jonathan Baumann Kalviknes (Director, Finance and Business Operations) who has

subscribed for 10,000 shares at an average subscription price per share of NOK

17.884 and following this will hold 10,000 shares and rights to 10,000 shares.

Following the issuance of the new shares, the Company will have 101,563,487

shares outstanding, each with a nominal value of NOK 0.015.

For further information, please contact:

Øystein Hem, CFO

+47 992 34 596

Pexip is a global technology company delivering a video-first meeting platform

with 15% of the Global Fortune 500 companies as customers. The Company's product

offering is a highly scalable, cloud-native meeting platform that is deployable

either as a service or a self-hosted solution in any public or private cloud

environment. All offerings build on Pexip's unique Infinity technology, and are

delivered via a recurring subscription-based business model. The Company has

more than 300 channel partners located in about 75 countries worldwide.

This announcement is issued pursuant to legal information obligations and is

subject to the disclosure requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.

AI Terminal